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Baltimore,MD 21218
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 17,952 sqft
Price per Sqft $194
Subdivision Charles Village
MLS Listing ID MDBA2173304
Year Built 1920
Annual Tax Amount $68,056
Tax Year 2024
Lot Size 0.526 Acres
Acres 0.53
Property Sub-Type Retail
Source BRIGHT
Property Description
Located along the Greenmount Avenue and 33rd Street, this retail center boasts eight (8) retail and restaurant tenants with high visibility along Greenmount Avenue and 33rd Street. With 17,952+/- SF of leasable area on a 22,910 SF corner parcel, Waverly Shopping Center is poised to continue with significant potential rent growth.
These commercial properties are located approximately one block from Giant Food and near Johns Hopkins University, MedStar Union Memorial Hospital and surrounded by other successful neighborhood retail and restaurant businesses. On the weekends, you'll find the farmers market, the spring music series and pop-up events in Waverly Commons, an open-air community space managed by Waverly Main Street.
The current tenants include Lux Nails, China Express, Quick Mart, Boost Mobile, B5 Seafood Carry-out, AD Smoke Shop, Sakura Teriyaki, and Kyngz Lounge.
In 2021, significant upgrades were made to the property, including roof replacement ($70,550), HVAC upgrades ($59,350), electrical upgrades ($20,550) as well as plumbing, framing, drywall and flooring improvements ($134,850+).
The scheduled gross rent and additional rent exceeds $453,000 with an annual NOI of $307,000+/-. Additional details about the leases and operations are available. Contact the listing agent for details.
This sale is subject to the approval of the US Bankruptcy Court, District of Maryland. Additional due diligence materials available after signing a Confidentiality Agreement. Contact Listing Agent for details.
Location
State MD
County Baltimore City
Zoning B22
Interior
Hot Water None
Heating None
Cooling None
Heat Source None
Exterior
Garage Spaces 10.0
Water Access N
Accessibility None
Total Parking Spaces 10
Garage N
Building
Lot Description Corner
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Baltimore City Public Schools
Others
Tax ID 0312203882 012
Ownership Fee Simple
SqFt Source Estimated
Special Listing Condition Bankruptcy,Third Party Approval